Emirates Global Aluminium (EGA) has been named a strategic partner of Dubai Future Week 2026, highlighting the aluminium producer's focus on industrial innovation, artificial intelligence and advanced manufacturing as the UAE looks to strengthen its future industrial capabilities. Organised by the Dubai Future Foundation (DFF), Dubai Future Week will take place from November 18 to 21, 2026, at Emirates Towers and the Museum of the Future under the theme 'For the Human of the Future'. The event is expected to attract more than 10,000 participants, including business leaders, policymakers, investors, entrepreneurs, innovators and technology experts from around the world. EGA's participation will bring attention to its ongoing industrial transformation, which includes developing proprietary...
Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses. Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026. The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million). Copper also...
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LME aluminium may drop into a range of $1,639-$1,657 per tonne in three months, driven by a downward wave (c). This is the third wave of a bigger wave C that developed from the March 2, 2012 high of $2,361.50. A Fibonacci projection analysis reveals that the wave (c) has travelled below a support at $1,781, its 76.4 percent level, and is heading towards the next support at $1,657. In the meantime, a Fibonacci retracement analysis shows that the metal has fallen far below a support at $1,861, the 61.8 percent retracement on the rise from the Feb. 24, 2009 low of $1,279 to the May 3, 2011 high of $2,803. Chances are it may slide to the 76.4 percent level at $1,639. This is especially possible after aluminium broke the support at $1,781, as there might not be any other support until it...
Aluminium physical premiums have risen in Q4 due to weakness following the announcement of proposed new LME rules in July, said Barclays Capital in a research note. According to Barclays, they believe downward pressure will be reasserted once the new rules kick in from May 2014, counteracting the current delivery queue extension caused by a rush to off-warrant metal. After the LME proposed new warehousing rules in July this year, one immediate effect was for European and US Midwest aluminium physical premiums to fall close to 15% by September. As we highlighted in Base Metals Focus: Aluminium fundamentals turning a corner, the decline in premia helped catalyse a wave of supply rationing with the announcement of 1.4Mty of capacity closures. Providing some confusion for market participants,...
Shares of Alcoa Inc. rose around 1% during the trading session following the launch of a proprietary surface finishing technology, ProStrength. The technology will allow consumer electronics companies to use aerospace-grade aluminum to reduce the weight and thickness and increase the sturdiness of mobile devices. ProStrength Finishing Technology is a process that enables mobile device makers to design clear or color-anodized durable surfaces using high-strength, heat treatable aluminum alloys that are used in the aerospace and defense industries. Application of these alloys will reduce the thickness and weight of the device by over 50%. Customers usually purchase electronic devices based on the size, design and feel factor of the gadget. ProStrength’s anodized finish on aerospace-grade...
The London Metal Exchange (LME) said it will go ahead with planned changes to its warehousing policy aimed at addressing massive queues for metal despite top aluminium producer Rusal challenging the proposal. The LME proposed new rules to overhaul its delivery system from next April that would force warehouses to release more stocks once the waiting time breaches 50 days. The exchange said in November it was determined to press ahead with the changes. However, Russia’s United Company Rusal Plc has filed a judicial review, which seeks to challenge LME’s decision to introduce changes in its warehousing policy. LME was named as a defendant in the review filed by Rusal in the English High Court on Monday, according to a disclosure by Hong Kong Exchanges and Clearing Ltd (HKEx), which owns LME.
During a teleconference question and answer session with Pavlodar Olbast, President of Kazakhstan Nursultan Nazarbayev addressed the importance of developing the industrial sector in Kazakhstan. “Our industrialization has to follow the path towards processing the raw materials that we have. You are the pioneers of the processing. The is for you together with the Government to build the second plant with a capacity of 250 thousand tons of aluminum, similar to the one we already have,” the President said after resident of JSC Kazakhstan Electrolytic plant Almas Ibragimov reported that an aluminum plant with a capacity of 250 thousand tons per year had been built. The President nodded the start-up works in the anode unit of the plant. “$300 million was invested into this large scale project....
South Korean Public Procurement Service’s (PPS) latest aluminium tenders have inched close to $300 per tonne and the agency has decided to take delivery in five months instead of the usual three months. On Monday December 23, PPS bought 6,000 tonnes of aluminium and 3,000 tonnes of zinc. It will be taking delivery of these metals five months later in May. LG International won the tender to supply 2,000 tonnes of Indian-origin aluminium ingot at a premium of $294 per tonne over LME cash price. Dreample won the tender to sell 1,000 tonnes of Indian-origin aluminium ingot at a premium of $289 per tonne. It also won a separate tender to sell another 1,000 tonnes of western origin aluminium ingot at premium of $269 per tonne. Glencore won the tender for 2,000 tonnes of western-origin aluminium...
Sheffield businessman Mark Neville has backed calls for the Government to help to create thousands of new jobs by backing the development of the aluminium sector in the UK. Mr Neville, from Sheffield Business Park-based Siemens Metal Technologies, told a special briefing at the Houses of parliament: “The truth is the aluminium industry has the potential to create UK jobs – so investment in the sector is vital. “The Government needs to ensure this market is at the heart of its industrial strategy – and that this remains clearly connected to the UK automotive industry which is undergoing a great industrial revival now.” Siemens Metals Technologies is a global leader in the metals extraction and processing sectors, developing equipment for the mining, iron and steel making industries and the...
MUSCAT Oil and Gas Minister HE Mohammed Bin Hamad Al Rumhy recently paid a visit to Sohar Aluminium smelter site. Rumhy was taken on a tour of the plant to get an overview of the company’s world-class green field facility. He appreciated Sohar Aluminium’s pursuit for excellent working conditions and acknowledged safe and pleasant environment, an official release said. He was in Sohar for the inauguration of Oman Aluminium Rolling Company (OARC) Sohar Aluminium supplies molten aluminium to OARC. He was welcomed by Sohar Aluminium Board Chairman Mulham Al Jarf and Sohar Aluminium acting CEO Said Al Masoudi. Masoudi said: “Safety of our workforce is at the heart and is the essence of Sohar Aluminium’s operations. We believe that our employees are our greatest asset and thus, we all strive to...
Rusal, the aluminium producer controlled by oligarch Oleg Deripaska, is taking the London Metal Exchange to court, claiming a crackdown on the metals warehousing industry is a breach of its “human rights”. The lossmaking Russian company confirmed that it had filed a judicial review in the UK, demanding proposed rule changes by the LME are overturned. In response to barrage of criticism about queues of more than a year to withdraw metals from some of its registered warehouses, the LME announced a package of measures in November to tackle the backlog and combat abusive behaviour. Some consumers have alleged the delays have artificially pushed up prices and led to vast extra costs. But Rusal and other aluminium producers have reacted furiously to the proposed changes amid concerns they will...
Aluminium Bahrain B.S.C. (Alba) continues to add value to its customer services across regional and global markets by implementing superior customer technical support services and initiatives, which in turn boost the company's productivity. Alba's Metallurgy, Laboratory & Customer Technical Support Department has made substantial headways in its customer services by increasing its promptness to customer queries and has successfully established a proven 3-day response time for any customer query. Further enhancing its customer relations, the Department has initiated dedicated productivity workshops for its clients through which the company informs them on best practices to maximise results from Alba products at their own location. The team also offers customers assistance with trouble...
Japanese trading house Marubeni Corp expects London Metal Exchange (LME) aluminium prices to gradually rise next year to as high as $2,300 a tonne in the fourth quarter, on the back of strong demand in Asia and active financial deals. "We have more bullish views for 2014 than some financial institutions that made forecasts," Takeshi Kondo, general manager at Marubeni's light metals section, told reporters on Friday. LME aluminium prices have lost almost 14 percent this year to trade close to $1,800 a tonne on Friday, and Marubeni forecast they will be between $1,950-2,300 in the fourth quarter next year, moving up from an expected $1,750-1,950 range in the first quarter. "Financial deals will likely continue even after the LME warehouse rule change. And recovery of the U.S. economy and...
Dr Mohammed bin Hamad al Rumhy, Minister of Oil and Gas, recently visited Sohar Aluminium smelter site. Welcomed by Mulham al Jarf, Chairman of Sohar Aluminium Board and Said al Masoudi, Acting CEO of Sohar Aluminium, the minister was taken on a tour of the plant where the minister was provided with an overview of the company’s world-class ‘Greenfield’ facility. Dr Rumhi was in Sohar for the inauguration of Oman Aluminium Rolling Company (OARC), and visited Sohar Aluminium; the supplier of molten aluminium to OARC. During the tour, the minister greatly appreciated and acknowledged Sohar Aluminium’s pursuit for excellent working conditions amidst a safe and pleasant environment. Said al Masoudi stated, “Safety of our workforce is at the heart and is the essence of Sohar Aluminium’s...
China will impose tiered power pricing on all aluminium smelters starting from January in an attempt to weed out inefficient plants and tackle severe overcapacity in the sector. The aluminum industry has been suffering from overcapacity for years, depressing prices and forcing many producers, including Aluminum Corp of China Ltd (Chalco) , the country's top aluminium maker, to suffer heavy losses. The move to revise power tariffs, which account for about 40 percent of a smelter's operating costs, is the latest in a series of measures to slim the bloated sector and comes as Beijing has vowed to let market forces play a decisive role in the allocation of resources. Power prices will remain unchanged for smelters that do not use more than 13,700 kilowatts (KWs) for each tonne of aluminium...
Antitrust lawsuits alleging the world's largest metal exchange, two of Wall Street's biggest banks and big commodity merchants conspired to raise the price of aluminum will be heard in New York, a panel of U.S. judges has ruled. Judge Katherine Forrest will hear the case in U.S. District Court for the Southern District of New York, at least for pretrial purposes, the panel said in an order on Monday, the first big hurdle in one of the biggest commodity market manipulation lawsuits in years. About 30 lawsuits allege that the London Metal Exchange and other defendants - including investment banks Goldman Sachs Group Inc and JPMorgan Chase & Co and merchants Glencore Xstrata and Trafigura AG - manipulated the warehousing of aluminum in order to lift the price of the metal. The U.S. Justice...
Efficient management of available energy resources has been one of the major thrust areas of Vedanta’s operations across the World. Adding feather to its rich collections of awards and accolades over the years, for exhibiting and discharging its commitment towards the cause of environment, focusing on superior energy management, Sesa Sterlite Aluminium Smelter Plant, Jharsuguda (formerly Vedanta Aluminium Ltd.) has been awarded with the prestigious “National Energy Conservation Awards 2013” in Aluminium sector across the country, during the recently concluded “National Energy Conservation Day Celebrations” organized by the Bureau of Energy Efficiency (BEE) , Ministry of Power, Government of India on 16th December 2013. This prestigious award was received by Head Aluminium Smelter Plant,...
Sapa has announced its intention to close operations at its Precision Tubing plant in Seneffe, Belgium. On November 7, Sapa communicated that the company had conducted a process of reviewing restructuring needs in Precision Tubing Europe to improve profitability and adjust to the market situation in Europe. As a result of this process, the company announced its intention to close the operations in Seneffe, Belgium. Since then a consultation process was conducted with the employee representatives of Seneffe, which has now been concluded. Following the completion of this information and consultation procedure, Sapa today confirmed the decision to close the Seneffe plant. The closure is necessary to ensure the continued long-term competitiveness and success of the new combined company. Sapa...
Alcoa Inc. plans to curtail its Rockdale, Texas, aluminum powder operations as it looks to cut costs in its primary products business. That process is expected to be completed by the end of February, a spokeswoman for the Pittsburgh-based aluminum producer told via e-mail Dec. 18. The facility currently employs 37 people, she added. "We made this decision to continue strengthening the competitiveness of our upstream business," the spokeswoman said. Alcoa is working with customers and suppliers "to ensure a smooth transition," she said, noting that aluminum powder operations in Po?os de Caldas, Brazil, aren’t impacted. The Po?os de Caldas plant makes powdered aluminum for the refractory, metalworking and chemical industries in Brazil as well as for export to other South American countries,...
Noranda Aluminum (NYSE:NOR) is one of today's best performing low-priced stocks, up 9.6% to $2.62 on 1.4x average daily volume. Noranda Aluminum has traded 503,000 shares thus far today, vs. average volume of 362,000 shares per day. The stock has outperformed the Dow (9.6% to the Dow's 0.1%) and outperformed the S&P 500 (9.6% to the S&P's -0.1%) during today's trading. In the past 52 weeks, Noranda Aluminum share prices have been bracketed by a low of $2.21 and a high of $6.85 and are now at $2.62, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.2%. Noranda Aluminum (NYSE:NOR) has potential upside of 25.6% based on a current price of $2.62 and analysts' consensus price target of $3.29. Noranda...
